Cleveland’s biomedical industry has grown from 800 companies in 2002 to more than 700 companies today. Imaging, orthopedics, neurostimulation, cardiovascular, biomaterials, health IT, biosensors, and regenerative medicine have attracted the attention of investors and key opinion leaders.
Northeast Ohio is home to 25 universities that offer graduate and undergraduate programs, as well as certificates and diplomas, serving the region’s healthcare, health IT and bioscience industry. Since 2006, these institutions have graduated more than 18,000 bioscience workers.
In the past four years, early-stage bioscience and health IT companies have raised over $2.3 billion, and the innovation and economy continues to grow.
Cleveland’s biomedical industry, a $5.6 billion sector, grew 59% from 2000-2016.